All Real Assets articles in Web Issue – Page 285
-
PropertyEU Archive
Catalyst Capital debuts in Romania with EUR 25m buy
Catalyst Capital, the pan-European investment, asset management and development group, has acquired nine distribution and logistics units totalling 54,200 m[sup]2[/sup] from Italian company Incontro Prefabbricati for EUR 25mln on behalf of the WCC Europe Fund. The units are located in Arad and Timisoara, Western Romania.
-
PropertyEU Archive
Rezidor to open 3 new hotels in Russia
Rezidor Hotel Group said on Wednesday that it is going to open three new hotels with a total of 969 rooms in Russia. The hospitality group said Park Inn Volgograd with 173 rooms is scheduled to open in the second quarter of 2010, followed by the Park Inn Kaliningrad (276 ...
-
PropertyEU Archive
Land Securities sells 50% of Express State
UK REIT Land Securities said on Wednesday that it has completed the sale of a 50% stake in the Empress State building iat Earls Court, London to a joint venture with Liberty International. The transaction volume amounts to £108 mln (EUR 136 mln), reflecting a net initial yield of 5.68%.
-
PropertyEU Archive
European shopping centres transform into community anchors
Owners of shopping centres in Western Europe are seeking to re-position their properties as the 'Third Place' between the home and the workplace where people no longer visit purely to shop but instead to shop when they are out. Shopping centres are providing 'accessible social surroundings' for people to interact ...
-
PropertyEU Archive
Cap & Regional creates German retail jv with Apollo
Capital & Regional, the UK co-investing property asset manager, has exchanged contracts with Apollo Real estate Advisors to establish a joint venture for its German retail portfolio. Apollo is to pay a cash consideration of EUR 65.6 mln to acquire half of Capital & Regional's equity investment in the portfolio. ...
-
PropertyEU Archive
Sjaelso sells 275 apartments to Essex for EUR 121m
Danish property firm Sjaelso Gruppen has signed a final agreement with Essex Invest for the sale of 275 residential units in Greater Copenhagen for DKK 900mln (EUR 121mln). The assets are at different stages of development and comprise 30,000 m[sup]2[/sup] of space, of which Sjaelso has sold 50-95% to individual ...
-
PropertyEU Archive
AFI Development receives go-ahead for EUR 5bn scheme
Russian developer AFI Development has received approval from the City of Moscow for its $7.6 bn (EUR 5 bn) Kuntsevo project. The work will be carried out by its wholly-owned subsidiary ZAO Armand.
-
PropertyEU Archive
Commerz Real buys Munich office for EUR 50m
Commerz Real said on Thursday that it has acquired an office property in Munich for an investment volume of EUR 50 mln. The building was completed in 2004 and is earmarked for the company's hausInvest europa open-ended real estate fund. The seller was not disclosed.
-
PropertyEU Archive
Argo RE seals EUR 75m financing for Ukrainian mall project
Guernsey-based closed-ended investment company Argo Real Estate has secured a EUR 75 mln loan facility with Marfin Laiki Bank. The loan, in conjunction with the firm's equity, will be used for the construction of the first phase of the 110,000 m[sup]2[/sup] Riviera Shopping City shopping mall in Odessa, Ukraine. The ...
-
PropertyEU Archive
Henderson completes EUR 85m sale of Dutch retail portfolio
Henderson Global Investors has said its EUR 1bn European retail shopping centre fund, Herald, has completed the sale of the Hurdle portfolio for EUR 85mln to a private Dutch property company. The portfolio comprises five retail parks located in the Dutch cities of Assen, Drachten, Emmeloord, with two in ...
-
PropertyEU Archive
Catella appoints new CEO for Amplion Asset Management
Property services firm Catella Property Group is strengthening the group's asset management services with the appointment of Timo Nurminen as CEO of Amplion Asset Management.
-
PropertyEU Archive
CBRE appoints new head of capital markets for Poland
CB Richard Ellis has announced the appointment of Christopher Millen as national director of capital markets in Poland. Millen was formerly with the company's Institutional Investment Properties team in Australia & New Zealand. In 2006 he was awarded the CBRE Asia Pacific Circle of Excellence for his performance and contribution ...
-
PropertyEU Archive
UK government approves London's Doone Street scheme
The UK Secretary of State, Hazel Blears, has approved Coin Street Community Builders' proposals for a residential and leisure centre on London's South Bank. The Doon Street scheme will include a 144 metre high residential tower, public uses at ground level, a new town square with lift and stairs to ...
-
PropertyEU Archive
Colliers: 'Heathrow the most expensive warehouse space in the world'
London's Heathrow submarket is the most expensive warehouse space in the world, property services firm Colliers International said on Friday in the latest Global Industrial report. Prices in London's submarket have reached the $26.92 per sq ft per year (£13.50 per sq ft per year), according to Colliers' research.
-
PropertyEU Archive
Japanese fund targets Russian real estate
Japanese financial group Aruji is setting up a YEN 200 bn (EUR 1.2 bn) real estate investment fund focused on the Russian market. Aruji president Takuij Asaga said Aruji Real Estate Investment Fund is the first financial product designed to raise capital in Japan for investment in Russian real estate.'
-
PropertyEU Archive
Gazeley buys 105,000 m[sup]2[/sup] plot in Kassel
Logistics developer and operator Gazeley is boosting its operations in Germany with the acquisition of a 105,000 m[sup]2[/sup] plot in Kassel. In a statement, Gazeley said it has reached an agreement with Kassel's municipal association to acquire 10.5 hectares of industrial land in the Güterverkehrszentrum GVZ logistics park. The company ...
-
PropertyEU Archive
Akron starts construction of 46,000 m[sup]2[/sup] logistics centre in Ukraine
Austrian real estate firm Akron has started the development of the 46,000-m[sup]2[/sup] Baltic Logistics Park in Kiev. The property is located 13 km from Kiev city and will include around 3,000 m[sup]2[/sup] of office accomodation. Akron, which was advised by Colliers International Ukraine, said that 80% of the financing will ...
-
PropertyEU Archive
Unite sells £179m of student housing
Unite, the largest manager of student housing in the UK, has exchanged contracts to sell eleven assets for £179mln, or a net initial yield of 5.8%. The properties are being sold in two separate transactions to Liberty Living, the student accommodation arm of Brandeaux Fund Management, and Swanbourne. In the ...
-
PropertyEU Archive
Kungsleden acquires properties for EUR 40m
Listed Swedish property company Kungsleden has bought eight commercial properties located in six locations in central Sweden for SEK 365mln (EUR 39mln), including transaction costs. The seller was Stampen, Sweden's largest newspaper group.
-
PropertyEU Archive
Tesco closes £605m sale-and-leaseback deal
UK retail giant Tesco has completed four sale-and-leaseback transactions in the latest phase of its ongoing £5bn disposal programme aimed at releasing value from its UK property portfolio. The £605mln (EUR 760mln) disposals consist of 13 Tesco stores with total floor space of 158,000 m2, accounting for around 2.4% of ...
